DZ20230822

 

International Relationship

*Chairman Xi Jinping left Beijing for Johannesburg to attend the 15th BRICS Summit and pay a state visit to South Africa, whom also published a signed article in the South African media entitled "Let the giant ship of China-South Africa Friendship and Cooperation sail away".

 

Industrial Economy

*State Council Premier Li Qiang presided over special studies on the theme of "accelerating the development of digital economy and promoting deep integration of digital technology and real economy", which pointed out to vigorously develop core industries of digital economy and accelerate the digital transformation of industries.

*NDRC presided over a symposium to promote the development of silver-haired economy, which pointed out to adhere to a problem-oriented approach, take into account both old-year demand and full life cycle preparation, focus on cultivating potential industries such as anti-aging and smart health care for the elderly, focus on solving urgent and difficult expectations such as elderly meal assistance and disability care, improve the consumption environment from the demand side, strengthen factor guarantee on the supply side, and provide specific list-based support measures.

*Administration for Market Regulation recently approved to establish a national rail transit equipment key mechanical system and component industry measurement and testing center, ensuring stable and reliable product quality, promoting the high-quality development of key mechanical systems and component industries for rail transit equipment.

*Shanghai Data Exchange released the "Data element market prosperity plan" on the 21st, targeting relevant data element market enterprises nationwide to launch a plan on promoting special incentive funds for the circulation of data elements. It is planned to establish a special incentive fund of 100 million yuan to prosper the digital business ecosystem and activate on-site trading, fully stimulating the vitality of the data element market.

*MoC will continue to focus on optimizing the digital business environment, improving the level of trade digitization, and accelerating the cultivation of new driving forces for digital development of service trade. More than 60 enterprises and institutions will launch a batch of new products and technologies at the service trade fair in the fields of AI, financial technology, medical health and cultural creativity.

*MoC, NDRC and the General Administration of Financial Regulation jointly issued guidance on promoting high-quality development of the business credit system, which pointed out to reasonable increase in consumer credit support for consumers purchases of products such as automobiles, home appliances, and home furnishings, continuously optimize interest rates and expense levels, and deepen the credit construction of consumer goods and services in the consumer goods sector.

 

Data

*MoF: The data showed that from January to July, stamp duty of 267.9 Billion yuan, down 8.3% y/y, with securities transaction stamp duty of 128 Billion yuan, down 30.7% y/y.

Aug 21 Block Trade Info

*Discount

- Citic Pacific Special Steel (000708 CH) saw 10 block trades worth 739.35mn at 13.86yuan per share, 5.59pct discount from last closing.

 

*Flat

- Minsheng Banking (600016 CH) saw 1 block trades worth 345.74mn at 3.92yuan per share, flat from last closing.

- Sinocare (300298 CH) saw 1 block trades worth 116.71mn at 23.44yuan per share, flat from last closing.

 

*Margin Trade (SZ Margin Trade balance not released)

 

*Connection Trade

 

*Index Futures

 

*Index Options

 

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

 

* Commodities (night session):

* Global crude oil price closed down mostly. September NYMEX crude oil contract down 0.56% to closed at $80.21/b, October Brent contract down 0.33% to closed at $84.52/b. INE crude oil active contract up 0.44% to 643.9 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.39% to closed at $1924/oz. SHFE gold active contract up 0.17% and closed at 456.64 yuan/gram.

* Metals closed up collectively, LME tin up 1.56%, LME zinc up 1.02%, LME lead up 0.86%, LME copper up 0.58%. SHFE tin up 1.41%, SHFE lead up 0.68%, SHFE nickel up 0.44%.

* Commodity futures closed mixed. Chemistry and energy products saw strong performance, soda ash up 4.85%, LPG up 3.66%, methanol up 1.62%. Black series closed mixed, coke up 1.99%, coking coal up 1.55%. Agricultural products closed down mostly, rapeseed meal down 1.62%.

 

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